Corporate Governance

Good corporate governance is a cornerstone of strong business performance. Our governance practices are transparent and intended to serve the best interests of the company and its shareholders. 
Financial Accountability
​We recognize that our responsibility to shareholders and investors is an essential part of our job.​ Our stringent financial controls, training and disclosure processes help our businesses operate with transparency and help us deliver shareholder value.​ 
Our Board of Directors provides oversight to help foster our long-term success, while our management sets strategic direction requiring that our businesses are run with a commitment to integrity. 
Altria has longstanding accounting and financial reporting policies and procedures in place which it regularly reviews. These policies and procedures outline actions that meet or exceed applicable regulatory financial disclosure requirements. ​​
​Audit Committee of the Board​
​​​The Audit Committee assists the Board to oversee our financial statements, financial reporting processes and internal control systems. It also oversees the qualifications, independence and performance of Altria’s independent registered public accounting firm, internal auditors and our compliance with legal and regulatory requirements.  ​​ 
Disclosure Controls Committee 
​​The Disclosure Controls Committee oversees Altria’s disclosure controls and procedures for financial reporting and reviews the company's financial filings and disclosures. ​
Corporate Audit Department
The Corporate Audit department provides senior management and the Audit Committee with assessments of the adequacy and effectiveness of Altria’s financial/compliance/operational systems and controls. These assessments are essential to help us deliver value to our shareholders and earn investors’ respect and trust. 
The Corporate Audit department provides day-to-day audit support and gives additional assurance that our operations are appropriately controlled and monitored to our independent accounting firm, PricewaterhouseCoopers LLP. The department helps maintain effective controls, compliance with company policies and process efficiencies. 
The Finance department, of which Corporate Audit is a part, works to see that Altria maintains appropriate management systems and controls. 
Sarbanes-Oxley Act   
The Sarbanes-Oxley Act mandates a number of practices, processes and certifications to enhance corporate governance and enrich financial disclosures, and to prevent corporate and accounting fraud.  
Senior management, the Disclosure Controls Committee, Finance, Law and Corporate Audit departments each play a role in overseeing the company's compliance efforts. 
Altria has a Code of Conduct​ that provides guidance to employees of Altria and its subsidiaries.  
​Employee Training   
We provide employees with training to reinforce the importance of financial integrity. 
Due to the highly technical and complex nature of the financial reporting, financial controls and disclosures processes, many Finance department employees take additional professional education courses to stay aware of the latest accounting and financial reporting requirements.​​​​​​​​​